... number of high-tech layoffs in the first quarter fell 45 percent compared with a year ago as stabilization in the telecommunications industry helped slow the pace of job cuts, according to a new report from outplacement firm Challenger, Gray & Christmas (CGC).

... took a break from laying off workers from Internet-related jobs in June, with just 684 layoffs announced, according to a report from international outplacement firm Challenger, Gray & Christmas . By comparison, dot-coms cut more than 2,000 jobs in May. But the...

The main culprits behind the spike in layoffs were online travel companies -- some of which moved to pare staff as demand plummeted following the September 11th terrorist attacks -- and a sharp weakening of demand for business-to-business (B2B) services and software .

Morningstar.com analyst Harry Milling told the E-Commerce Times the layoffs were not completely unexpected, because the retail trading market has been declining for several months. Schwab announced last week that February trading activity was down 13 percent from the prior month.

Panasonic is the second large Japanese consumer electronics company to announce massive layoffs in the past week. Computer maker NEC said it will slash 20,000 jobs on Jan. 30. Hitachi and Toshiba also recently announced significant layoffs.

Continued Challenges The latest layoffs underscore the challenges that AOL continues to face as it tries to reinvent itself. While it has some strong assets in its favor -- including an instantly recognizable online brand, content agreements with its parent...

Founder and CEO Michael Dell expressed hope that the layoffs would be a key element of a massive turnaround plan put in place after he took the reins of the company he founded in a college dorm room back from his hand-picked...

... than six months after longtime CEO Carly Fiorina was forced to resign, employees at computer maker Hewlett-Packard are bracing for an even more abrupt change, with analysts saying as many as 25,000 layoffs could be announced when the computer maker unveils a...

... toy e-tailer eToys officially moved to the dot-com critical list , announcing that approximately 70 percent of the company's 1,000 employees have been informed that their jobs are being eliminated. eToys said the layoffs were effective immediately for about 380 employees. The...

Wednesday's layoffs are the second time in recent history that the company has dramatically reduced its employee roster. In October, Stamps.com let go 240 employees , or 40 percent of its workforce at the time.

The company said that the layoffs would primarily affect employees at the company's Palo Alto, California headquarters. AltaVista said that its European offices would only be "minimally affected by the change."

More details about the layoffs and revenue projections are expected to be released in a few weeks. On February 7th, NBCi is scheduled to report financial results for the fourth quarter and fiscal year ending December 31st.